North Korea Denies Involvement in $6.3bn Binance Hack

Binance reports $3.64 billion in outflows as it resumes normal operations following a record-breaking cyberattack.

TodayWW DeskPublished Nov 4, 2026, 7:00 PM

AI-assisted, editorially reviewedHow we work

North Korea Denies Involvement in $6.3bn Binance Hack — Photo: Mark Fahey from Sydney, Australia / Wikimedia Commons, CC BY 2.0

Key points

North Korea denies being behind the $6.3 billion Binance hack, contradicting US and international claims.
Binance reports $3.64 billion in customer withdrawals as it resumes normal transactions.
The FBI and cyber analysts have linked the attack to North Korea, calling it the largest crypto heist in history.
North Korea accuses the US of using the allegations to portray it as a cybercriminal state.
Binance claims 90% of stolen funds have been replenished.

The cryptocurrency exchange Binance has reported $3.64 billion in customer withdrawals as it resumes normal operations following a record-breaking cyberattack. The breach, which saw $6.3 billion in digital assets stolen, has sparked international debate over its origins, with North Korea denying any involvement despite US and global intelligence agencies pointing fingers at the country.

The US government and cyber analysts have blamed North Korea for the unprecedented heist, which has been described as the largest in crypto history. The FBI stated that the attack was carried out by an entity known as TraderTraitor, the same group linked to a $1.5 billion hack of Bybit last year. However, North Korea has rejected these claims, calling them 'absurd rhetoric' and accusing the US of attempting to paint the country as a cybercriminal state.

Binance, which was forced to halt withdrawals for several days after the attack, has confirmed that approximately 90% of the stolen funds have been replenished. The company has not yet disclosed the full details of the breach or the steps taken to secure its platform. Analysts suggest the attack may have exploited vulnerabilities in Binance’s infrastructure, though the exact method remains unclear.

The incident has raised concerns about the security of major cryptocurrency exchanges and the potential for state-sponsored cyberattacks. While North Korea has denied involvement, several international outlets have reported that the US and its allies are treating the breach as evidence of Pyongyang’s growing cyber capabilities. The country has warned that such allegations could damage future diplomatic relations with the United States.

The hack has also led to a surge in customer withdrawals, with investors pulling $3.64 billion in funds from Binance in the days following the breach. This has put pressure on the exchange to restore trust and ensure the stability of its platform. Despite the outflows, Binance has stated that it is working closely with cybersecurity experts to investigate the incident and prevent future breaches.